Hela Apparel Archives

May 16, 2024

15th May 2024, Colombo, Sri Lanka: The brand licensing division of Hela Apparel Holdings PLC, Focus Brands, has announced a strategic partnership with Tesco introduce its Peter Werth and Fenchurch fashion brands to the retailer’s stores across the UK. The collaboration further enhances the Hela Group’s long-standing relationship with one of the UK’s largest retailers […]

February 27, 2023

27th February 2023, Colombo: Norfund, the Norwegian government’s investment fund, with a mission to support sustainably driven business operations in developing countries, recently signed a USD 14 million financing agreement with Hela Apparel Holdings PLC to bolster the development of its manufacturing operations in East Africa. NDB Investment Bank Limited acted as the […]

February 3, 2022

3rd February 2022, Colombo: Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) ended its third quarter on a high note, having exceeded its annual performance for FY2020/21 within the first 9 months of the current financial year. The Group recorded year-to-date revenue of Rs 41.6 billion, which represents […]

January 11, 2022

The much-awaited IPO of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) opens today, 12th January 2022. Aiming to raise LKR 4 Billion in equity capital through the issue of 267,108,998 ordinary voting shares at a price of LKR 15 per share, Hela’s IPO is the largest […]

January 10, 2022

The initial public offering of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) is set to open on the 12th of January 2022. The IPO has gathered significant interest from institutions, high net-worth individuals and retail investors. Hela Apparel Holdings Limited is offering 267,108,998 ordinary voting shares […]

December 20, 2021

The Colombo Stock Exchange has formally approved the Initial Public Offering (IPO) of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group), with the offer set to open on Wednesday 12th January. This highly anticipated IPO, by one of Sri Lanka’s leading social-capital focused apparel supply chain solution providers, will see 267,108,998 […]

Major UK Retailer Tesco set to introduce two fashion brands owned by Hela across its stores

Norfund To Support the Development of Hela Apparel Holdings’ East African Manufacturing Operations with an Investment of USD 14 Million

Hela Apparel Holdings’ strong financial performance continues into Q3 FY2021/22

Hela Apparel Holdings IPO Opens Today

Hela Apparel Holdings Prepares for Upcoming IPO

Hela Apparel Holdings set for landmark IPO